Intel · CNBC Technology
When Intel first announced the Ohio factory in 2022, it was expected to start delivering chips in 2025
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Intel pushed back that timeline, now aiming to finish construction in 2030.
Key facts
- When Intel first announced the Ohio factory in 2022, it was expected to start delivering chips in 2025
- Once a dominant force in the chip manufacturing landscape, Intel hit major delays with its 7- and 10-nanometer nodes, triggering the stock's worst year ever in 2024
- The Ohio factory is only one piece of Intel's ambitious build-out to start making chips for outside customers that began under former CEO Pat Gelsinger
- Intel pushed back that timeline, now aiming to finish construction in 2030
Summary
Intel has hit a milestone in the construction of its massive chip fabrication plant in New Albany, Ohio, that's running at least five years behind schedule, a delay that's coincided with soaring demand for advanced chips. On Wednesday, Intel announced that crews have installed the first major structural truss in Ohio, which means the next part of the construction has finally begun. "This represents another significant step toward expanded U.S. leading-edge semiconductor capacity," Intel Foundry head Naga Chandrasekaran wrote in a post on the company's website on Wednesday. In September, reports surfaced that the world's leading maker of high-bandwidth memory, SK Hynix, could team up with Intel in Ohio to lease some foundry space to make memory chips at the new site. When Intel first announced the Ohio factory in 2022, it was expected to start delivering chips in 2025.